Tech Company M&A Transactions
Virage Acquisition
On 7/10/2003, Virage was acquired by Autonomy plc. Financial terms set the valuation at $24.8 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/10/2003
Transaction Type
M&A
Amount
$24,800,000
M&A Terms
Autonomy Corporation plc (Nasdaq: AUTN; LSE: AU.; Nasdaq Europe: AUTN), a leading provider of infrastructure software for the enterprise, and Virage, Inc. (Nasdaq-SCM: VRGE), a leading provider of video and rich media communication software, today announced they have signed a definitive agreement under which Autonomy will acquire Virage for a purchase price of $1.10 per share in cash. The transaction reflects a fully-diluted cash purchase price of approximately $24.8 million, and a net cash purchase price of approximately $13.3 million adjusted for Virage's expected cash balance as of September 30, 2003.
Company Information
Company Status
Acquired or Merged
Industry
Communications
Mailing Address
1 Market Spear Tower 19th Floor
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Not Recorded
Overview
Virage (Nasdaq-SCM: VRGE) is a leading provider of video and rich media communication software for video production, Internet publishing and webcasting.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Lego
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